I had the same thing happen with my 77 pd carbs, I cleaned the float needle seats, replaced all four float needles, adjusted the float levels, made sure the floats themselves weren't hanging up on the carb bodies or bowls and still had the overflow out of the passage ways. It drove me nuts!!!, one carb would overflow one minute then not the next. I swapped needles and floats from a carb that wasnt leaking into a leaky carb trying to track the problem but that didnt do squat, one try it would be one carb. After re adjusting or swapping in new needles three carbs would leak, it was all over the place. The root of the problem ended up being the tab on the float that you bend to adjust the float height, the needle had worn a small dimple in the tab and wasn't allowing the needle to seat stopping the flow of gas.
Check the tab metal tab on the float, if there's a dimple worn into it lightly file it off and polish it with some fine sand paper or a dremel. It's a process of elimination but the float itself was the only thing I had'nt replaced with new parts, carbs were cleaned new jets, float needles, o-rings and gaskets all around.
Here's the link to the thread when mine was leaking
http://forums.sohc4.net/index.php?topic=113321.0